Cerebras valued above $55 billion as shares price at top of revised range Last updated: May 14, 2026 | 07:41 Quantum computing ready today? Cerebras Systems, based in Sunnyvale, California, is betting that the future of AI is "wafer scale", with four trillion transistors, 125 petaflops in one silicon wafer. It is dubbed as "the world’s largest and most powerful processor" for AI training and inference. Cerebras US chip startup Cerebras Systems announced that its listing on Wall Street will start Thursday at $185 per share, raising about $5.5 billion, the largest IPO so far this year in the United States.  Taking into account all shares already outstanding, including stock options and other financial instruments, the Sunnyvale, California-based company is valued at over $55 billion.  Cerebras has twice raised its target price for the listing on Nasdaq electronic exchange.  The company initially targeted a price range of $115 to $125 per share, before raising it to between $150 and $160, and…